Material Information of Sui Southern Gas Company

Karachi, Sui Southern Gas Company informed Pakistan Stock Exchange, in this connection, based on the submissions made by the Company including that the audit of the financial statements for the year ended June 30, 2021 would be concluded based on the awaited decision of Final Revenue Requirement (FRR) by OGRA, 1 am directed to convey that in terms of Section 147 of the Act, the Company i. directed to convene and hold its aforesaid Annual General Meeting for the year ended June 30, 2021 at the earliest latest by December 31, 2022 and to lay there in the Financial Statements of the Company for shareholders’ consideration.

Sui Southern Gas Company Limited’s main activity is transmission and distribution of natural gas in Sindh and Baluchistan. The Company is also engaged in certain activities related to the gas business including the manufacturing and sale of gas meters and construction contracts for laying of pipelines.

The total number of shares are 880,916,400. The Earnings per share is (20.88) in 2019 which was (16.86) in 2018. The Company had a loss of Rs. 18,394,768,000 in 2019 which was 14,848,208,000 in 2018.